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With a market cap of $42.3 billion, American International Group, Inc. (AIG) is a global insurance provider offering a wide range of products and services to commercial, institutional, and individual customers across North America and international markets. Its offerings span property and casualty insurance, liability coverage, personal insurance, and specialized risk solutions, along with mortgage and other loan services.
Shares of the New York-based company have lagged behind the broader market over the past 52 weeks. AIG stock has declined 5.9% over this time frame, while the broader S&P 500 Index ($SPX) has returned 26.9%. Moreover, shares of the company are down nearly 8% on a YTD basis, compared to SPX’s 5.5% gain.
